The company’s revenue from operations stood at Rs 6,148 crore in Q3FY26, up 54% year-on-year (YoY) compared with Rs 3,993 crore in the corresponding period of the previous financial year.
The net loss, though, narrowed on a sequential basis from Rs 1,092 crore in Q2FY26, while topline reported an 11% quarter-on-quarter growth as compared to Rs 5,561 crore reported in the July-September quarter.
Q3 highlights
Swiggy Platform
— Platform Average Monthly Transacting Users (MTU) grew 36.8% YoY to 24.3 million. It was a 6% QoQ growth.
— Consolidated Adjusted revenue grew 51% YoY to Rs 6,431 crore, up 9% QoQ
— B2C adjusted EBITDA margin as a percentage of B2C GOV reduced by 16 bps YoY to -3.5%. It improved 15bps QoQ.
— Consolidated adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) declined by Rs 16 crore QoQ, to a loss of Rs 712 crore.
Food Delivery
— Gross order value (GOV) grew 20.5% YoY to Rs 8,959 crore, a growth rate highest in 3 years.
— Accelerated MTU growth during the quarter to 22% YoY (+0.9 Mn QoQ), to reach 18.1 million.
— Adjusted EBITDA improved by 13.1% QoQ to Rs 272 crore while adjusted EBITDA margin rose to 3% of GOV (+56bps YoY, 22ps QoQ), the highest in the last two years.
Quick Commerce
— GOV grew 103.2% YoY (+13.0% QoQ) to Rs 7,938 crore, 4th consecutive quarter with over 100% GOV growth (YoY) with 0.8 million MTUs added during the quarter.
— The company added 34 darkstores to reach 1,136 stores across 131 cities, and grew the average size of its darkstores further, driving up active darkstore area to 4.8 million square feet (+95.5% YoY, +4.3% QoQ).
— AOV grew 40% YoY to Rs 746, led by continued expansion of non-grocery selection and larger-basket buying behaviour across user cohorts.
— Contribution margin improved by 9 bps QoQ and 208 bps YoY to -2.5%
— Adjusted EBITDA margin improved by 65 bps QoQ to -11.4%, losses increased by Rs 59 Cr QoQ to Rs 908 crore.
MORE TO COME…